Ethereum’s beginning of 2025 has been weaker. In contrast to , which is trading at or near breakeven for the year, Ethereum remains below 45% of January levels. That is a significant underperformance for a coin normally correlated to Bitcoin. The divergence has sent retail traders to the sidelines, and they are skeptical, but a deeper dive into Ethereum’s structure tells a more nuanced story.
The dip below the US$3,600 level in late 2024 began a gradual but consistent downtrend, keeping Ethereum in a bearish market structure on the weekly chart. Yet the daily chart is another story, with indications of strength and even a possible change in momentum.
just broke above the April 9 high of US$1,688, a crucial structural level that would serve as support in case of a pullback. If price action holds this level, it can signal the start of a reversal to the upside.
